Dearborn Partners LLC boosted its position in AES Corp (NYSE:AES) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,938 shares of the company’s stock after buying an additional 15,750 shares during the period. Dearborn Partners LLC’s holdings in AES Corp were worth $1,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Sentry Investment Management increased its stake in shares of AES Corp by 16.2% in the fourth quarter. Sentry Investment Management now owns 35,268 shares of the company’s stock worth $338,000 after buying an additional 4,912 shares in the last quarter. Capstone Asset Management Company increased its stake in shares of AES Corp by 117.3% in the fourth quarter. Capstone Asset Management Company now owns 177,299 shares of the company’s stock worth $1,697,000 after buying an additional 95,697 shares in the last quarter. CIBC World Markets purchased a new stake in shares of AES Corp during the fourth quarter worth about $1,126,000. Quantitative Systematic Strategies purchased a new stake in shares of AES Corp during the fourth quarter worth about $307,000. Finally, ICON Advisers purchased a new stake in shares of AES Corp during the third quarter worth about $562,000.

AES Corp (NYSE:AES) opened at 9.04 on Wednesday. AES Corp has a 1-year low of $8.22 and a 1-year high of $14.02. The firm has a 50 day moving average of $9.14 and a 200 day moving average of $10.70. The firm has a market cap of $6.08 billion and a P/E ratio of 10.74.

AES Corp (NYSE:AES) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was down 16.2% on a year-over-year basis. On average, equities research analysts expect that AES Corp will post $1.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Tuesday, February 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Friday, January 29th. This is a positive change from AES Corp’s previous quarterly dividend of $0.04.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of AES Corp from a “hold” rating to a “sell” rating in a report on Monday, October 26th. Wolfe Research assumed coverage on shares of AES Corp in a report on Wednesday, November 4th. They set a “peer perform” rating for the company. Argus downgraded shares of AES Corp from a “buy” rating to a “hold” rating in a report on Monday, October 19th. Evercore ISI cut their price target on shares of AES Corp from $15.00 to $13.25 and set a “buy” rating for the company in a report on Friday, November 6th. Finally, Macquarie dropped their target price on shares of AES Corp from $14.50 to $13.00 and set an “outperform” rating for the company in a report on Monday, November 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.38.

In other news, CFO Thomas M. O’flynn purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was bought at an average cost of $10.08 per share, for a total transaction of $201,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 211,757 shares of the company’s stock, valued at $2,134,510.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Elizabeth Hackenson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, November 12th. The shares were purchased at an average price of $9.81 per share, with a total value of $49,050.00. Following the completion of the acquisition, the vice president now directly owns 68,659 shares of the company’s stock, valued at $673,544.79. The disclosure for this purchase can be found here.

The AES Corporation (NYSE:AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States, Andes (Chile, Colombia and Argentina), Brazil, MCAC (Mexico, Central America and Caribbean), Europe (formerly EMEA) and Asia. Within these six SBUs, the Company has two lines of business: generation and utilities. Under the generation business line, the Company owns and operates power plants to generate and sell power to customers, such as utilities, industrial users and other intermediaries. Under the utilities business line, the Company owns and operates utilities to generate or purchase, distribute, transmit and sell electricity to end-user customers in the residential, commercial, industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

12 Month Chart for NYSE:AES

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